U.S. stocks opened higher Tuesday after headline data on inflation came in line with expectations. The Dow Jones Industrial Average DJIA, +0.90% was up 1% soon after the opening bell, while the S&P 500 SPX, +1.42% gained 1.3% and the Nasdaq Composite COMP, +1.69% advanced 1.5%, according to FactSet, at last check. The consumer-price index rose 0.4% in February for a year-over-year increase of 6%, according to a report Tuesday from the U.
S. Bureau of Labor Statistics. That was in line with forecasts from economists polled by The Wall Street Journal. The year-over-year rate of inflation slowed from 6.4% in January. So-called core CPI, which excludes food and energy prices, showed the rate of inflation increased 0.5% last month for a rise of 5.5% in the 12 months through February. The monthly rise in core CPI was slightly more than the 0.4% increase expected by Wall Street.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »